LeasePlan Shareholder in Talks to Sell Stake to Investor Group

TODAY: March 31, 2015 PUB DATE: March 31, 2015

Dutch leasing fleet manager LeasePlan Corporation NV confirmed Tuesday that its 100% shareholder, Global Mobility Holding BV, is in talks to sell its interest to a group of investors, but cautioned that an agreement wasn't certain. LeasePlan said the investors ...

LeasePlan Shareholder in Talks to Sell Stake to Investor Group

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Ian Walker Dutch leasing fleet manager LeasePlan Corporation NV confirmed Tuesday that its 100% shareholder, Global Mobility Holding BV, is in talks to sell its interest to a group of investors, but cautioned that an agreement wasn't certain. LeasePlan ...

German Retail Sales Fall

TODAY: March 31, 2015 PUB DATE: March 31, 2015

FRANKFURT--German retail sales fell in line with expectations in February, slightly reversing the solid expansion seen in the previous two months, while the annual reading suggests that consumer spending remains a key pillar of growth in Europe's largest economy. Retail ...

French PM Valls: Hope to See Growth of 1.5% by End of Year

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Nadya Masidlover PARIS--French Prime Minister Manuel Valls said Tuesday that he hopes that the country's economic growth will reach 1.5% this year, raising the government's previous target of 1% growth for 2015, just days President Francois Hollande's Socialist Party ...

Philips Sells Lighting Business to Consortium

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By WSJ Staff GO Scale Capital, an investment fund sponsored by GSR Ventures and Oak Investment Partners, said it would buy an 80.1% stake in Royal Philips NV's combined LED components and automotive lighting business in a deal that values ...

U.K. Revises GDP Upward

TODAY: March 31, 2015 PUB DATE: March 31, 2015

LONDON--The British economy grew at a faster pace than previously thought in 2014, official data revealed Tuesday, confirming that the U.K. was the top performing major western nation during the year. Gross domestic product expanded 2.8% in 2014, the Office ...

CBRE to Buy Johnson Control Unit for $1.48 Billion -- Update

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Chelsey Dulaney CBRE Group Inc. has agreed to buy Johnson Controls Inc.'s global workplace solutions business for $1.48 billion in cash, as the world's largest commercial real-estate-services company by revenue looks to capitalize on the wave of corporations outsourcing ...

Thailand's Economic Recovery Remained Slow in February

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Thailand's economy remained sluggish in February as private consumption continued to fall although tourist arrivals grew further, the monthly report from the Bank of Thailand showed Tuesday. The private-consumption index dropped 2.6% in February from a year ...

Citi Sells Citi Cards Japan to Sumitomo Mitsui Trust Bank

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Angela Chen Citigroup Inc. has agreed to sell Citi Cards Japan Inc. to Sumitomo Mitsui Trust Bank Limited, the latest move in Citigroup's plan to streamline its global consumer banking business. Financial terms weren't disclosed, although about 743,000 customer ...

Hong Kong February Retail Sales Up 14.9% by Value

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Chester Yung HONG KONG--Hong Kong's retail sales by value rose 14.9% in February from a year earlier, a sharp rebound from January. The result was partly distorted by the Lunar New Year holiday, which fell in January last year ...

Charter To Buy Bright House Networks For $10.4 Billion--Update

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Angela Chen Charter Communications Inc. agreed to buy cable operator Bright House Networks LLC for $10.4 billion in cash and stock, the latest deal in a rapidly consolidating pay-television industry. Bright House is the sixth-largest cable operator in the ...

Chicago PMI Points to Continued Economic Weakness in Midwest

TODAY: March 31, 2015 PUB DATE: March 31, 2015

A widely-watch barometer of the manufacturing heavy U.S. Midwest continues to indicate a slowdown in the economy. The Chicago Business Barometer, also known as Chicago PMI, registered 46.3 in March--up from its 5-1/2-year low of 45.8--but still below 50, which ...

U.S. Consumer Confidence Improves in March

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Kathleen Madigan Consumers are feeling more upbeat about the economy this month. Hopes for future job and income prospects seem to be offsetting the recent increase in gasoline prices. The Conference Board, a private research group, said Tuesday its ...

Nigeria Challenger Builds Vote Lead

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By Patrick McGroarty in Lagos, Nigeria, and Heidi Vogt in Yola, Nigeria Former military dictator Muhammadu Buhari built a wide lead in Nigeria's elections on Monday, raising the prospect of a 1980s-era strongman being elected to lead the promising but ...

Jay Z Enters Music-Streaming Wars With Tidal

TODAY: March 31, 2015 PUB DATE: March 31, 2015

By John Jurgensen Jay Z isn't the only star with a stake in the streaming-music company he recently bought. On Monday, the rapper was flanked on stage by more than a dozen fellow equity owners, including Beyoncé, Kanye West and ...